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MoneyCounts: A Financial Literacy Series. STEP into Financial Literacy: A practical approach to your transition, and your money. Brad L Yeckley MBA,PhD (C) Assistant Director of Financial Literacy Penn State Financial Literacy Center The Pennsylvania State University 128A Outreach Building
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MoneyCounts: A Financial Literacy Series STEP into Financial Literacy: A practical approach to your transition, and your money Brad L Yeckley MBA,PhD(C) Assistant Director of Financial Literacy Penn State Financial Literacy Center The Pennsylvania State University 128A Outreach Building University Park PA 16802 bly106@psu.edu 814-863-0647
Financial Basics • Savings Accounts • Checking Accounts • Credit Cards • Budgets
Checking and Savings Accounts HUB-Robeson Center www.pennstatefederal.com www.pnc.com
Credit Cards & Credit Score • CreditCards.com • www.creditcards.com/ • NerdWallet • www.nerdwallet.com/
A Healthy Budget Sample http://www.bankrate.com/calculators/savings/moving-cost-of-living-calculator.aspx
Budgeting What are the most common items on a student’s budget? Expense Income Tuition and Fees Family financial help Books and supplies (computer) Personal saving Housing (utilities) Student Aid (free scholarships, grants) Meals & Entertainment Part time employment Personal items (clothes, grooming) Transportation Long term Debt Student Loans Is Education an investment? How can I get the best return on such an investment?
Financial Aid Video
Financial Aid • Loans • Grants • Scholarships • Work Study • Work • Outside Plans ( 529, Tuition Match) • Service Programs • Parents
Tuition and Fees How can you offset some of the additional cost of tuition now that you are here at University Park?
Tuition and Fees • Per credit cap • Books • Meal Plans • Housing • Transportation • Technology
Housing Choices • Factor 1 : Amenities • Factor 2 : Eating Habits • Factor 3 : Proximity and Transportation • Factor 4 : Sharing Space, Costs with Roommates • Factor 5 : Prepay or Pay as you go (Budgeting)
Social and Entertainment • http://www.events.psu.edu/ • https://studentaffairs.psu.edu/hub/studentorgs/orgdirectory/ • http://www.statecollege.com/calendar/
Additional Resources • SFEC - https://www.libraries.psu.edu/psul/business/sfec.html • Financial Literacy Center - http://financialliteracy.psu.edu/
MoneyCounts: A Financial Literacy Series Thank You! Comments and Questions Brad L Yeckley MBA,PhD(C) Assistant Director of Financial Literacy Penn State Financial Literacy Center The Pennsylvania State University 128A Outreach Building University Park PA 16802 bly106@psu.edu 814-863-0647